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Dec 31, 2021
Braemar Q4 2021 Earnings Report
Reported financial results and performance measures for the fourth quarter and full year ended December 31, 2021.
Key Takeaways
Braemar Hotels & Resorts reported a net loss attributable to common stockholders for the fourth quarter of $(4.3) million, with a comparable RevPAR increase of 163% to $239.62, the highest in the Company's history. Adjusted EBITDAre was $29.4 million, and comparable Hotel EBITDA was $35.5 million.
Comparable RevPAR for all hotels increased 163% to $239.62 during the quarter, the highest quarterly RevPAR in the Company’s history.
Net loss attributable to common stockholders for the quarter was $(4.3) million or $(0.06) per diluted share.
Adjusted funds from operations (AFFO) was $0.23 per diluted share for the quarter compared to $(0.17) in the prior year quarter.
Adjusted EBITDAre was $29.4 million for the quarter, reflecting a growth rate of 15.4% over the fourth quarter of 2019.
Forward Guidance
The Company expects to achieve 2019 Comparable RevPAR levels during calendar year 2022 and expects to meet or exceed 2019 Comparable Hotel EBITDA by calendar year 2023.
Positive Outlook
- Strong forward bookings suggest further improved operating results for the first quarter of 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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